Connect with us


Support from other countries key to fighting climate change





Landslide on the bank of Ô Môn River caused four houses to be submerged in Cần Thơ City in the Mekong Delta region, one of the hardest-hit areas by climate change in Việt Nam. VNA/ Photo

Vân Nguyễn

Việt Nam has joined the race to a net-zero economy by 2050.

It is among more than 40 countries that agreed to shift away from coal, one of the biggest generators of CO2 emissions, in pledges made at the COP26 climate summit.

As the world is about to use up its carbon budget, many developed countries which emitted a large share of carbon dioxide since the Industrial Revolution in the 18th century are taking the lead in supporting developing nations in terms of finance, technology and human resources to tackle climate change issues.

It is estimated that 2,500bn tonnes of carbon dioxide (CO2) (GtCO2) have been emitted since the industrial revolution. And this cumulative amount is closely tied to the 1.2C of warming that has already occurred.

According to Carbon Brief, we are left with less than 500GtCO2 of the remaining carbon budget to stay below 1.5C of warming.

It is fair that countries with the greatest amount of CO2 emitted share the proportionate responsibility for the climate emergency and lend a hand to developing countries.

For countries like Việt Nam, domestic resources alone seem insufficient to address climate issues.

Though the climate finance from developed countries has fallen short of the target of US$100 billion a year, there has been increased pledges for finances, and underdeveloped countries should grasp every opportunity to achieve their goal of adapting and mitigating the consequences of climate change.

“The COP26 pledge is a really important step forward in terms of thinking about Việt Nam’s environmental commitment, and how it can improve its local environment, but also the regional environment,” said Senior Associate Professor Stephen R. Nagy at the Japan-based International Christian University.

The country is at the forefront of climate change and needs to consider the environment. It is crucial for countries like Việt Nam to think about how they will work with international organisations or particular governments through ODA or FDI to promote a greener and cleaner economy, he said.

He added it could borrow expertise from abroad and see how they can incorporate green technologies to improve the environment for Việt Nam.

Finance for climate change mitigation and adaptation in Việt Nam comes mainly from sources such as the central and local budget, ODA, and funds to support domestic and international climate change response. They also include investment capital from domestic enterprises, FDI, and individual and household investments.

The State budget expenditure for climate change response activities of five ministries (Agriculture and Rural Development, Natural Resources and Environment, Transport, Industry and Trade and Construction) was only around 0.2 per cent of GDP from 2011-2016.

The University of Fire Prevention and Fighting conducts drills in response to climate change and natural disaster prevention and control. VNA/ Photo

Among the funds for climate change activities, the Global Environment Facility (GEF) has given more than $1 billion to implement 136 projects in such areas as biodiversity, climate change and land degradation. The Green Climate Fund (GCF) has supported $146 million for adaptation and mitigation projects in Việt Nam.

James Borton, senior fellow of the Foreign Policy Institute at Johns Hopkins School of Advanced International Studies (SAIS), said: “It’s very encouraging that the World Bank, USAID, Sweden, Korea and other countries are providing experts, funding and technology access to address climate change and environmental degradation in rural and coastal areas of Việt Nam.

“Ready access to concessional loans to purchase new technologies is essential.”

He added that credit must be given especially to the World Bank in supporting a range of green growth and climate change-related policy reforms.

Professor Nagy said it was also essential to welcome green businesses which invest in green products and the green economy.

He also highlighted the importance of education and various exchanges to boost human capital in Việt Nam.

“It is important to have more environmentalists who are technically trained and have networks that they can leverage throughout the region to deal with some of the environmental issues,” the professor said.

Other things that Japan can do in terms of providing a learning experience for Việt Nam is building “synergistic” businesses, he said.

“So in one manufacturing plant, for example, its rubbish would be used by another manufacturing plant. So we start to reuse, and reduce and recycle products in virtuous cycles that reduce the environmental impact,” he said.

“And that’s something that I think that requires Việt Nam to reach out to other countries that have had similar experiences and learn from them, and localise those practices.’’ 

Scholars have said going green is the way to go forward for Việt Nam.

“The greening of Việt Nam is not a platitude, decree, or a resolution. It’s the only essential option for its future,” Borton said.



Vietnamese spends $1.1 billion on food delivery apps

In Vietnam, overall spending on food delivery services reached $1.1 billion in 2022. As of now, the most popular services are Grab and ShopeeFood.



According to Momentum Works, Southeast Asian nations’ total expenditure (GMV) on food delivery services in 2022 reached $16.3 billion, up 5% following two years of a delivery boom due to Covid-19.

For the first time in three years, growth in the area was mostly driven by small-scale markets such as the Philippines (up $0.8 billion), Malaysia (up $0.6 billion), and Vietnam (up $0.3 billion).

As Covid-19 became an endemic illness and economies reopened, GMV in bigger markets such as Singapore (down $0.4 billion), Thailand (down $0.4 billion), and Indonesia (down $0.1 billion) dropped.

Grab and ShopeeFood are the two most popular applications in Vietnam, with 45% and 41% of the GMV market share, respectively. The remainder is split between Baemin (12%) and Gojek (2%).

As of the end of 2022 in Southeast Asia, Grab’s GMV is estimated to reach $8.8 billion, accounting for 54% of overall GMV in the area and rising by 16% year on year.

Foodpanda is estimated to contribute $3.1 billion, accounting for 19% of the region’s GMV and reflecting a 9% decrease; Gojek and ShopeeFood still maintain the same GMV level in 2021, reaching $2 billion and $0.9 billion respectively.

Source: ZingNews


Continue Reading


Apple to begin producing MacBooks in Vietnam by the mid-2023: Nikkei Asia

The American tech giant Apple plans to shift some MacBook manufacturers to Vietnam for the first time in 2023 as tensions between Washington and Beijing over technology continue to rise.



According to Nikkei Asia, Apple has contracted with Taiwan’s Foxconn to begin producing MacBooks in the country of Southeast Asia in May 2022.

For all of its key product lines, Apple has been seeking to build production facilities outside of China. Still, the final one, the MacBook, it has taken longer due to the intricate supply chain required for producing laptop computers.

Almost two years ago, the company has planned to move some MacBook manufacturers to Vietnam, where a trial production line has already been set up. 

Apple produces between 20 and 24 million MacBooks annually, with factories situated in the Chinese cities of Chengdu, the Sichuan area, and Shanghai.

For China, the loss of control over MacBook manufacturing represents a general deterioration in its role as the world’s factory. 

Since former U.S. President Donald Trump began a trade war against China, major electronics manufacturers like Apple, HP, Dell, Google, and Meta have all announced at least some preparations to relocate production and sourcing away from the nation.

The majority of data center servers manufactured for companies with U.S. customers, including Google, Meta, Amazon, and Microsoft, are now produced in Taiwan, Mexico, or Thailand.

Apple has regarded China as its most significant assembly base for many years, but in 2022, that successful formula ended. 

Due to a lengthy COVID lockout in the spring, important MacBook and iPhone production facilities in Shanghai experienced significant interruptions. 

Apple issued a warning in November on delays in the premium iPhone 14 Pro and 14 Pro Max’s Christmas deliveries, citing labor shortages caused by the epidemic at its most significant production facility in Zhengzhou, Henan province.

AirPods, which began commercial manufacturing in Vietnam in 2020, served as the catalyst for Apple’s expansion into that country. Nikkei Asia was the first to reveal that the business moved some of the production of Apple Watches and iPads there this year. 

Source: Nikkei Asia


Continue Reading


Saigon hi-tech park earns $23 billion from exports

The Saigon Hi-Tech Park (SHTP), home to 162 projects worth over $12 billion, obtained $23 billion from exports in 2022.



The export turnover was more than $10 billion and $20.9 billion in 2017 and 2021, respectively.

According to Le Thi Bich Loan, deputy head of the SHTP management board, the park has become a trustworthy destination for global high-tech powerhouses with the presence of over 10 international conglomerates in the field, including Intel, Jabil, Rockwell Automation, Nidec, Nipro, Samsung, and Sonion.

Established in 2002, the park has seen its accumulated production value reaching $120 billion so far. It now houses 51 foreign-invested projects worth $10.1 billion.

By 2025, the SHTP aims to become a smart technology park and the core of the interactive and innovative urban area in Ho Chi Minh’s eastern part, contributing to the city’s socio-economic development. In addition, it plans to attract investment of around $3 billion in 50 hi-tech projects and establish at least one global hi-tech enterprise.

To achieve these goals, the park is going to accelerate investment projects for its scientific space with a total surface area of 93ha.

It will increase the link between its enterprises and universities and research institutes in the region, especially the Vietnam National University-HCM City (VNU-HCM), in order to increase the proportion of hi-tech products by domestic companies.

Source: VietnamPlus


Continue Reading